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Shares of Banco Santander, (NYSE:SAN) were the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 16,776,087 shares, an increase of 56.2% from the April 30th total of 10,741,736 shares, American Banking reports. Based on an average trading volume of 5,909,457 shares, the short-interest ratio is currently 2.8 days. Currently, 0.1% of the shares of the stock are sold short.

Separately, analysts at Deutsche Bank upgraded shares of Banco Santander, from a “sell” rating to a “hold” rating in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold”.

Banco Santander, (NYSE:SAN) opened at 10.67 on Monday. Banco Santander, has a 52 week low of $6.31 and a 52 week high of $10.69. The stock has a 50-day moving average of $10.02 and a 200-day moving average of $9.26. The company has a market cap of $123.0 billion and a P/E ratio of 19.17.

Banco Santander, SA (NYSE:SAN)is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.

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